"Decentralized finance is turning traditional finance on its head, and with it comes the opportunity for individuals to seize control of their financial future. Enter Evergreen, the company that's taking earning passive income to new heights. With its cutting-edge technology and innovative approach to crypto mining, this company is offering a simple way to invest in the future of decentralized finance. Put down that stock portfolio and get ready to join the decentralized revolution, because Evergreen is making passive income a reality for everyone!"
-JJ
Money has been a fundamental part of human society for thousands of years. It has been used as a means of exchange, a store of value, and as a unit of account. However, the traditional banking system has been criticized for its centralized nature, where a small group of financial institutions holds the majority of power and control over the flow of money. This can lead to unequal distribution of wealth and the erosion of financial freedom for the average person.
Cryptocurrency, on the other hand, has the potential to give power back to the people by offering a decentralized alternative to traditional money. Cryptocurrencies like Bitcoin and Ethereum (pre-mine) are decentralized, meaning that they are not controlled by any central authority or government. Instead, they are based on a network of computers that work together to validate and secure transactions. This allows for more transparency, security, and equality in the financial system.
Unfortunately, recent events have eroded this premise with Ethereum moving to a centralized model using Proof of Work and Bitcoin being corrupted by centralized pooling infrastructure and loss of wide participation due to high energy costs. Chia set out to bring back decentralization by taking the fundamental premise of Bitcoin, retaining its high security but improving most other aspects including dramatically lowering the energy usage to 1/1000th the amount required for Bitcoin and adding in the programmability that made Ethereum the #2 crypto platform in the world.
Cryptocurrency allows individuals to have greater control of their financial assets. Rather than relying on banks and financial institutions to manage their money, individuals can securely store their assets in a digital wallet. This gives people more control over their own money and makes it easier for them to make financial transactions, including international transfers, without the need for intermediaries. Crypto transactions are validated and recorded on a public ledger, making them transparent and secure.
This new system of money and finance has the potential to give power back to the people by offering a decentralized and secure alternative to traditional money. Phoenix, Arizona is leading the charge in this new financial revolution, positioning itself as the Crypto Capital of the US by offering a supportive environment for companies and individuals looking to embrace this new financial paradigm.
In Grant’s words, “Crypto mining is a consensus mechanism where decentralized participants use hardware to provide security for the network and for doing so are rewarded with units of the blockchain cryptocurrency. The underlying process requires computational power and energy to solve complex mathematical problems ensuring honest participation while validating user transactions. “
Pros of Crypto Mining:
Passive Income: Once the mining equipment is set up and running, the miner can earn a passive income as the network continues to validate transactions and mint new coins.
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